Reliance Power Forms JV for Bhutan’s Largest Solar Project

Reliance Power Limited recently announced the signing of a commercial term sheet for a long-term Power Purchase Agreement (PPA) with Green Digital Private Limited (GDL), an entity owned by the Royal Government of Bhutan’s Druk Holding and Investments Limited.

The agreement paves the way for a joint venture to develop Bhutan’s largest solar project. The project is planned under a Build-Own-Operate (BOO) model and is expected to involve a capital outlay of up to Rs.2,000 crore.

According to an official statement from the company, this investment represents the largest private sector foreign direct investment (FDI) to date in Bhutan’s burgeoning solar energy sector. The collaboration signifies a significant step in boosting renewable energy capacity in the Himalayan kingdom.

India, Maldives Sign 13 MoUs to Boost Ferry Services with Indian Grant.

India and the Maldives recently signed 13 Memoranda of Understanding (MoUs) aimed at significantly enhancing ferry services and bolstering maritime connectivity across the archipelago nation. The agreements, supported by an Indian grant assistance of MVR 100 million, are also set to uplift community livelihoods.

The MoUs were signed for projects slated for implementation under Phase III of India’s High Impact Community Development Project (HICDP) scheme. The signing ceremony, held at the Ministry of Foreign Affairs in the Maldives, was hailed by the Maldivian Ministry of Foreign Affairs in a statement as another milestone in the continuously strengthening partnership between the two countries.

The 13 projects launched under this phase represent a total grant of MVR 100 million, equivalent to approximately ₹55,28,47,552. The primary focus of these projects is to improve and expand ferry services within the Maldives, thereby enhancing inter-island connectivity and contributing to the socio-economic well-being of local communities.

Engineers India Expands Horizons: Targets Thermal Power and Offshore Wind Projects.

Engineers India Ltd (EIL), a leading public sector undertaking in engineering consultancy, is strategically broadening its horizons beyond its traditional oil and gas business. As part of its long-term growth plan, EIL is actively pursuing projects in thermal power plants and offshore wind energy installations, diversifying its portfolio to meet evolving energy demands.

The company, which recently celebrated six decades of service, is also strengthening its international presence. EIL is expanding its footprint in the Middle East and venturing into South America, with a particular focus on Guyana and Suriname, aiming to capture new opportunities in these burgeoning markets.

Vartika Shukla, Chairperson and Managing Director of EIL, announced that the firm secured an all-time high in new orders, totaling Rs.8,214 crore in FY25. This impressive performance has boosted EIL’s robust order book to approximately Rs.12,400 crore, positioning the company for significant growth in the coming years.

DEE Development Engineers Limited Secures Major International Contract from Leading Global Oil & Gas Company

New Delhi, India, May 18, 2025: DEE Development Engineers Limited (DDEL), a leading provider of advanced process piping solutions bagged a significant contract from one of the world’s largest international oil and gas companies, headquartered in the United States. While the name of the customer remains undisclosed due to commercial considerations, this development marks a major milestone in DDEL’s global growth journey.

The agreement entails a consistent and recurring pipeline of orders for DDEL’s process piping solutions across the customer’s global projects, further reinforcing the company’s positioning as a preferred vendor for renowned international energy companies.

Commenting on the development, Krishan Lalit Bansal, Chairman & Managing Director, Dee Development Engineers Limited stated, “This partnership is a testament to the trust placed in DDEL’s technical expertise, robust execution capabilities, and unwavering commitment to quality. It also aligns with our vision to deliver world-class engineering solutions to marquee global clients and contribute meaningfully to large-scale, energy-intensive infrastructure projects worldwide.”

Shikha Bansal, Director of Dee Development Engineers Limited further added, “This global recognition underscores our contribution to the Make in India initiative, showcasing the strength of Indian manufacturing and engineering excellence on a world stage. It boosts our mission to project India as a key hub for high-quality, precision-driven engineering solutions in the global energy sector.”

Key highlights of the partnership include:

• A steady inflow of multimillion-dollar orders annually.
• Enhanced visibility and recognition in the global oil and gas infrastructure market.
• Strengthened presence in international markets through recurring engagements.
• Execution of solutions for both upcoming and ongoing projects globally.

This order win is set to significantly contribute to the company’s long-term value creation and sustained growth trajectory.